Payden High Income Fund Price on January 2, 2025
| PYRLX Fund | 6.38 0.01 0.16% |
If you're considering investing in Payden Mutual Fund, it is important to understand the factors that can impact its price. As of today, the current price of Payden High stands at 6.38, as last reported on the 2nd of March, with the highest price reaching 6.38 and the lowest price hitting 6.38 during the day. At this stage we consider Payden Mutual Fund to be very steady. Payden High Income maintains Sharpe Ratio (i.e., Efficiency) of 0.0689, which implies the entity had a 0.0689 % return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Payden High Income, which you can use to evaluate the volatility of the fund. Please check Payden High's Semi Deviation of 0.0756, risk adjusted performance of 0.047, and Coefficient Of Variation of 958.19 to confirm if the risk estimate we provide is consistent with the expected return of 0.0131%.
Payden Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Payden |
Sharpe Ratio = 0.0689
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| Negative Returns | PYRLX |
Estimated Market Risk
| 0.19 actual daily | 1 99% of assets are more volatile |
Expected Return
| 0.01 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.07 actual daily | 5 95% of assets perform better |
Based on monthly moving average Payden High is performing at about 5% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Payden High by adding it to a well-diversified portfolio.
Payden High Valuation on January 2, 2025
It is possible to determine the worth of Payden High on a given historical date. On January 2, 2025 Payden was worth 6.31 at the beginning of the trading date compared to the closed value of 6.31. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Payden High mutual fund. Still, in general, we apply an absolute valuation method to find Payden High's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Payden High where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Payden High's related companies.
| Open | High | Low | Close | Volume | |
| 6.30 | 6.30 | 6.30 | 6.30 | 1.00 | |
01/02/2025 | 6.31 | 6.31 | 6.31 | 6.31 | 1.00 |
| 6.32 | 6.32 | 6.32 | 6.32 | 1.00 |
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Payden High Trading Date Momentum on January 2, 2025
| On January 03 2025 Payden High Income was traded for 6.32 at the closing time. The highest daily price throughout the period was 6.32 and the lowest price was 6.32 . There was no trading activity during the period 1.0. Lack of trading volume on 01/03/2025 added to the next day price jump. The trading delta at closing time to closing price of the next trading day was 0.16% . The trading delta at closing time to current closing price is 0.32% . |
Price Boundaries
Payden High Period Price Range
Low | March 2, 2025
| High |
0.00 | 0.00 |
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Payden High March 2, 2025 Market Strength
Market strength indicators help investors to evaluate how Payden High mutual fund reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Payden High shares will generate the highest return on investment. By undertsting and applying Payden High mutual fund market strength indicators, traders can identify Payden High Income entry and exit signals to maximize returns
Payden High Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Payden High's price direction in advance. Along with the technical and fundamental analysis of Payden Mutual Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of Payden to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.047 | |||
| Jensen Alpha | 0.0107 | |||
| Total Risk Alpha | 0.0151 | |||
| Sortino Ratio | 0.1125 | |||
| Treynor Ratio | 0.1548 |
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| Volume Indicators |
| Balance Of Power Check stock momentum by analyzing Balance Of Power indicator and other technical ratios | |
| Correlation Analysis Reduce portfolio risk simply by holding instruments which are not perfectly correlated | |
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